Intraday forecasts

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As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.274.But the short term forecast is range bound, so we expect to reach the following targets:TP3: R1=1.2815.TP4: R2=1.285.Set the stoploss of these orders at breakout of S2=1.272.

Stop and reverse:If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.272.In this situation, there is an expectation to reach the target S3=1.263.Set the stoploss of reverse orders at breakout of S1=1.274.